Quarterly report pursuant to Section 13 or 15(d)

Stockholders Equity and StockBased Compensation (Tables)

v3.20.2
Stockholders Equity and StockBased Compensation (Tables)
9 Months Ended
Sep. 30, 2020
Stockholders Equity and StockBased Compensation  
Schedule of Warrants Outstanding

 

 

September 30,

 

 

December 31,

 

Outstanding Warrants

 

2020

 

 

2019

 

Issued to Investors on October 25, 2013, entitling the holders to purchase 20,833 common shares in the Company at an exercise price of $138.00 per common share up to and including April 24, 2021. In 2016, the warrant holders agreed to new warrant terms, which excluded any potential net cash settlement provisions in exchange for a reduced exercise price of $75.00 per share.

 

 

13,665

 

 

 

13,665

 

 

 

 

 

 

 

 

 

 

Issued to Investors on November 17, 2014, entitling the holders to purchase 45,577 common shares in the Company at an exercise price of $138.60 per common share up to and including May 16, 2022. On June 30, 2016, the warrant holders agreed to new warrant terms, which excluded any potential net cash settlement provisions in order to classify them as equity in exchange for a reduced exercise price of $75.00 per share.

 

 

45,577

 

 

 

45,577

 

 

 

 

 

 

 

 

 

 

Issued to an investment bank and subsequently transferred to a principal of the investment bank regarding the Series B Preferred Stock investment on January 30, 2018, entitling the holder to purchase 11,119 common shares in the Company at an exercise price of $18.00 per share, up to and including January 30, 2021.

 

 

11,119

 

 

 

11,119

 

Total

 

 

70,361

 

 

 

70,361

 

Schedule of Share-based Compensation, Stock Options, Activity

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research and development expenses

 

 

 

 

$

 

 

 

 

 

$

284,000

 

General and administrative expenses

 

$

(4,000

)

 

$

20,000

 

 

$

8,000

 

 

$

308,000

 

Total stock-based compensation expense

 

$

(4,000

)

 

$

20,000

 

 

$

8,000

 

 

$

592,000

 

Schedule of Stock option transactions of the employees

 

 

Options Outstanding

 

 

Weighted Average Exercise Price

 

 

Weighted Average Grant Date Fair Value

 

 

 

 

 

 

 

 

 

 

 

Beginning of the period – January 1, 2020

 

 

518,551

 

 

$

21.99

 

 

$

15.89

 

Granted

 

 

7,634

 

 

 

4.45

 

 

 

3.28

 

Exercised

 

 

(6,548

)

 

 

3.82

 

 

 

2.59

 

Forfeited

 

 

(1,844

)

 

 

10.80

 

 

 

8.33

 

Expired

 

 

(1,808

)

 

 

501.43

 

 

 

388.45

 

End of the period – September 30, 2020

 

 

515,985

 

 

$

20.32

 

 

$

14.60

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options exercisable

 

 

466,259

 

 

$

21.45

 

 

$

15.36

 

Schedule of Non-Vested Options, Activity

 

 

Shares

 

 

Weighted Average Exercise Price

 

 

Weighted Average Fair Value Grant Date

 

 

 

 

 

 

 

 

 

 

 

Non-vested – January 1, 2020

 

 

84,873

 

 

$

10.73

 

 

$

5.15

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Granted

 

 

7,634

 

 

 

4.45

 

 

 

3.28

 

Vested

 

 

(41,552

)

 

 

10.80

 

 

 

8.29

 

Forfeited

 

 

(1,229

)

 

 

10.80

 

 

 

8.33

 

Non-vested – September 30, 2020

 

 

49,726

 

 

$

9.71

 

 

$

7.44

 

Schedule of Disclosure of Share-based Compensation Arrangements by Share-based Payment Award

 

 

 

Stock Options Outstanding

 

 

Stock Options Vested

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

 

Average

 

 

 

 

 

 

 

 

Average

 

 

 

 

 

 

 

 

 

 

Remaining

 

 

 

 

 

Weighted

 

 

Remaining

 

 

 

 

 

Weighted

 

 

 

 

Contractual

 

 

Number

 

 

Average

 

 

Contractual

 

 

Number

 

 

Average

 

 

 

 

Life

 

 

Of

 

 

Exercise

 

 

Life

 

 

of

 

 

Exercise

 

Exercise Prices

 

-Years

 

 

Awards

 

 

Price

 

 

-Years

 

 

Awards

 

 

Price

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

3.82-$12.48

 

 

8.41

 

 

 

225,179

 

 

$

8.04

 

 

 

8.46

 

 

 

176,332

 

 

$

7.60

 

$

12.49-$24.00

 

 

6.82

 

 

 

199,790

 

 

$

14.19

 

 

 

6.81

 

 

 

198,911

 

 

$

14.20

 

$

24.01-$72.00

 

 

5.14

 

 

 

65,333

 

 

$

55.07

 

 

 

5.14

 

 

 

65,333

 

 

$

55.07

 

$

72.01-$240.00

 

 

4.57

 

 

 

24,526

 

 

$

75.59

 

 

 

4.57

 

 

 

24,526

 

 

$

75.59

 

$

240.01-$355.80

 

 

0.43

 

 

 

1,157

 

 

$

332.91

 

 

 

0.43

 

 

 

1,157

 

 

$

332.91

 

 

Total

 

 

7.18

 

 

 

515,985

 

 

$

20.32

 

 

 

7.07

 

 

 

466,259

 

 

$

21.45